The Government should decide on the total amount of fringe benefits (Thrift Savings Plan, parking, health insurance, life insurance etc) it wants to provide to each employee. This amount could vary by grade, length of service, age, performance or other factors. Then the employee should be free to decide how to allocate the benefits. This would let employees maximize the value of the money the Government is spending on their benefits, and make federal employment more attractive. For example, some people might want to contribute more to the TSP while others might want more life insurance. This would also control the Government's costs, by fixing the amount of the Government's contributions.
I agree
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Rank4892
Idea#4240
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Comments (4)
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Contributions to the TSP is up to the individual Federal employee - so as the amount of life insurance. So I am not sure what the writer is talking about.
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No, the Government provides some life insurance (I think it is 1/2 of basic pay), at least for most employees. Employees can then buy additional insurance through FEGLI. This proposal would let an employee decide not to have any life insurance but instead have the Government use the money to make an additional contribution to the TSP.
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You can opt out of life insurance. We need to educate employees on benefit programs.
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We need not worry about what an employee knows. If they cannot read and understand, then they should not be there in the first place.
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